Software - Infrastructure
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RDWR vs FFIV
Revenue, margins, valuation, and 5-year total return — side by side.
Software - Infrastructure
RDWR vs FFIV — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Software - Infrastructure | Software - Infrastructure |
| Market Cap | $1.16B | $19.27B |
| Revenue (TTM) | $302M | $3.22B |
| Net Income (TTM) | $20M | $708M |
| Gross Margin | 80.7% | 81.9% |
| Operating Margin | 3.8% | 24.6% |
| Forward P/E | 24.2x | 20.7x |
| Total Debt | $17M | $493M |
| Cash & Equiv. | $105M | $1.34B |
RDWR vs FFIV — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Radware Ltd. (RDWR) | 100 | 112.8 | +12.8% |
| F5, Inc. (FFIV) | 100 | 235.3 | +135.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: RDWR vs FFIV
Each card shows where this stock fits in a portfolio — not just who wins on paper.
RDWR is the clearest fit if your priority is income & stability and growth exposure.
- beta 0.99
- Rev growth 9.8%, EPS growth 221.4%, 3Y rev CAGR 0.9%
- Lower volatility, beta 0.99, Low D/E 4.4%, current ratio 1.63x
FFIV carries the broadest edge in this set and is the clearest fit for long-term compounding and valuation efficiency.
- 238.9% 10Y total return vs RDWR's 151.7%
- PEG 1.11 vs RDWR's 1.37
- Lower P/E (20.7x vs 24.2x), PEG 1.11 vs 1.37
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 9.8% revenue growth vs FFIV's 9.7% | |
| Value | Lower P/E (20.7x vs 24.2x), PEG 1.11 vs 1.37 | |
| Quality / Margins | 22.0% margin vs RDWR's 6.7% | |
| Stability / Safety | Beta 0.99 vs FFIV's 1.03, lower leverage | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | +28.8% vs RDWR's +18.0% | |
| Efficiency (ROA) | 11.2% ROA vs RDWR's 3.1%, ROIC 21.8% vs 3.0% |
RDWR vs FFIV — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
RDWR vs FFIV — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
FFIV leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
FFIV is the larger business by revenue, generating $3.2B annually — 10.7x RDWR's $302M. FFIV is the more profitable business, keeping 22.0% of every revenue dollar as net income compared to RDWR's 6.7%.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $302M | $3.2B |
| EBITDAEarnings before interest/tax | $23M | $867M |
| Net IncomeAfter-tax profit | $20M | $708M |
| Free Cash FlowCash after capex | $43M | $963M |
| Gross MarginGross profit ÷ Revenue | +80.7% | +81.9% |
| Operating MarginEBIT ÷ Revenue | +3.8% | +24.6% |
| Net MarginNet income ÷ Revenue | +6.7% | +22.0% |
| FCF MarginFCF ÷ Revenue | +14.2% | +29.9% |
| Rev. Growth (YoY)Latest quarter vs prior year | +9.9% | +11.0% |
| EPS Growth (YoY)Latest quarter vs prior year | +131.7% | +4.0% |
Valuation Metrics
FFIV leads this category, winning 5 of 7 comparable metrics.
Valuation Metrics
At 28.9x trailing earnings, FFIV trades at a 52% valuation discount to RDWR's 59.7x P/E. Adjusting for growth (PEG ratio), FFIV offers better value at 1.55x vs RDWR's 3.39x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||
|---|---|---|
| Market CapShares × price | $1.2B | $19.3B |
| Enterprise ValueMkt cap + debt − cash | $1.1B | $18.4B |
| Trailing P/EPrice ÷ TTM EPS | 59.69x | 28.90x |
| Forward P/EPrice ÷ next-FY EPS est. | 24.19x | 20.69x |
| PEG RatioP/E ÷ EPS growth rate | 3.39x | 1.55x |
| EV / EBITDAEnterprise value multiple | 46.37x | 21.46x |
| Price / SalesMarket cap ÷ Revenue | 3.84x | 6.24x |
| Price / BookPrice ÷ Book value/share | 3.07x | 5.57x |
| Price / FCFMarket cap ÷ FCF | 27.89x | 21.26x |
Profitability & Efficiency
FFIV leads this category, winning 6 of 8 comparable metrics.
Profitability & Efficiency
FFIV delivers a 19.9% return on equity — every $100 of shareholder capital generates $20 in annual profit, vs $5 for RDWR. RDWR carries lower financial leverage with a 0.04x debt-to-equity ratio, signaling a more conservative balance sheet compared to FFIV's 0.14x. On the Piotroski fundamental quality scale (0–9), FFIV scores 8/9 vs RDWR's 7/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +5.3% | +19.9% |
| ROA (TTM)Return on assets | +3.1% | +11.2% |
| ROICReturn on invested capital | +3.0% | +21.8% |
| ROCEReturn on capital employed | +2.5% | +17.3% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 8 |
| Debt / EquityFinancial leverage | 0.04x | 0.14x |
| Net DebtTotal debt minus cash | -$88M | -$852M |
| Cash & Equiv.Liquid assets | $105M | $1.3B |
| Total DebtShort + long-term debt | $17M | $493M |
| Interest CoverageEBIT ÷ Interest expense | — | — |
Total Returns (Dividends Reinvested)
FFIV leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in FFIV five years ago would be worth $18,728 today (with dividends reinvested), compared to $9,757 for RDWR. Over the past 12 months, FFIV leads with a +28.8% total return vs RDWR's +18.0%. The 3-year compound annual growth rate (CAGR) favors FFIV at 36.2% vs RDWR's 11.4% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +13.0% | +32.9% |
| 1-Year ReturnPast 12 months | +18.0% | +28.8% |
| 3-Year ReturnCumulative with dividends | +38.2% | +152.5% |
| 5-Year ReturnCumulative with dividends | -2.4% | +87.3% |
| 10-Year ReturnCumulative with dividends | +151.7% | +238.9% |
| CAGR (3Y)Annualised 3-year return | +11.4% | +36.2% |
Risk & Volatility
Evenly matched — RDWR and FFIV each lead in 1 of 2 comparable metrics.
Risk & Volatility
RDWR is the less volatile stock with a 0.99 beta — it tends to amplify market swings less than FFIV's 1.03 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. FFIV currently trades 98.6% from its 52-week high vs RDWR's 85.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.99x | 1.03x |
| 52-Week HighHighest price in past year | $31.57 | $346.00 |
| 52-Week LowLowest price in past year | $21.29 | $223.76 |
| % of 52W HighCurrent price vs 52-week peak | +85.1% | +98.6% |
| RSI (14)Momentum oscillator 0–100 | 59.2 | 68.9 |
| Avg Volume (50D)Average daily shares traded | 227K | 713K |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates RDWR as "Hold" and FFIV as "Hold". Consensus price targets imply -6.9% upside for RDWR (target: $25) vs -8.9% for FFIV (target: $311).
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $25.00 | $310.67 |
| # AnalystsCovering analysts | 14 | 61 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +0.9% | +2.6% |
FFIV leads in 4 of 6 categories — strongest in Income & Cash Flow and Valuation Metrics. 1 category is tied.
RDWR vs FFIV: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is RDWR or FFIV a better buy right now?
For growth investors, Radware Ltd.
(RDWR) is the stronger pick with 9. 8% revenue growth year-over-year, versus 9. 7% for F5, Inc. (FFIV). F5, Inc. (FFIV) offers the better valuation at 28. 9x trailing P/E (20. 7x forward), making it the more compelling value choice. Analysts rate Radware Ltd. (RDWR) a "Hold" — based on 14 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — RDWR or FFIV?
On trailing P/E, F5, Inc.
(FFIV) is the cheapest at 28. 9x versus Radware Ltd. at 59. 7x. On forward P/E, F5, Inc. is actually cheaper at 20. 7x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: F5, Inc. wins at 1. 11x versus Radware Ltd. 's 1. 37x — a reasonable growth-adjusted valuation.
03Which is the better long-term investment — RDWR or FFIV?
Over the past 5 years, F5, Inc.
(FFIV) delivered a total return of +87. 3%, compared to -2. 4% for Radware Ltd. (RDWR). Over 10 years, the gap is even starker: FFIV returned +238. 9% versus RDWR's +151. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — RDWR or FFIV?
By beta (market sensitivity over 5 years), Radware Ltd.
(RDWR) is the lower-risk stock at 0. 99β versus F5, Inc. 's 1. 03β — meaning FFIV is approximately 4% more volatile than RDWR relative to the S&P 500. On balance sheet safety, Radware Ltd. (RDWR) carries a lower debt/equity ratio of 4% versus 14% for F5, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — RDWR or FFIV?
By revenue growth (latest reported year), Radware Ltd.
(RDWR) is pulling ahead at 9. 8% versus 9. 7% for F5, Inc. (FFIV). On earnings-per-share growth, the picture is similar: Radware Ltd. grew EPS 221. 4% year-over-year, compared to 23. 6% for F5, Inc.. Over a 3-year CAGR, FFIV leads at 4. 6% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — RDWR or FFIV?
F5, Inc.
(FFIV) is the more profitable company, earning 22. 4% net margin versus 6. 7% for Radware Ltd. — meaning it keeps 22. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FFIV leads at 24. 8% versus 3. 8% for RDWR. At the gross margin level — before operating expenses — FFIV leads at 81. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is RDWR or FFIV more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, F5, Inc. (FFIV) is the more undervalued stock at a PEG of 1. 11x versus Radware Ltd. 's 1. 37x. A PEG below 1. 5 suggests fair-to-attractive pricing relative to expected growth. On forward earnings alone, F5, Inc. (FFIV) trades at 20. 7x forward P/E versus 24. 2x for Radware Ltd. — 3. 5x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for RDWR: -6. 9% to $25. 00.
08Which pays a better dividend — RDWR or FFIV?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
09Is RDWR or FFIV better for a retirement portfolio?
For long-horizon retirement investors, F5, Inc.
(FFIV) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 03), +238. 9% 10Y return). Both have compounded well over 10 years (FFIV: +238. 9%, RDWR: +151. 7%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between RDWR and FFIV?
Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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